To an investigation into leaked data for the past month, it was alleged that a group of hackers laundered nearly $ 10 million in illegally obtained funds by making a ton of tiny donations to Twitch streamers.
As A LONG and Gamegar Report, data on the Turkish market revealed some fun things where large donations were made in tiny amounts – through the platform’s “jubilant currency”. Bits– for relatively small streamers.
Twitch transfers one percent of the income generated via Bit to the individual streamers. Some make up to $ 1,800 a day even though they only have 40 to 50 viewers.
As part of the fraud, hackers are said to have stolen or obtained credit card information from random people. They then negotiated deals with Twitch streamers to send them large cash payments through Bit.
The streamers would then return 80 percent of the money received to various bank accounts of the hackers and effectively launder the money.
US $ 9.8 million has been laundered by 2,400 Turkish streamers in the past two years.
After the Turkish streamer Grimnax was privately suspected for a few weeks after discovering irregularities in the streamers’ earnings, it became public knowledge when the Turkish streamer Grimnax shared some Discord screenshots allegedly showing the hackers reaching out to him and asked him if he would like to participate in their scam:
Well-known Turkish streamer Yrsew, who has 1.7 million Twitch subscribers, is another person trying to raise awareness. He recently met with politicians who are now calling in the Turkish parliament that “the Commission of Inquiry into Financial Crime (Masak) and other relevant Turkish state institutions investigate the scandal”.
While police in Turkey have been reluctant to respond – Jahrein only spoke to cybercrime officials this week – the matter has also been reported to Twitch, who say they have “cracked down on more than 150 partners in Turkey for abusing our monetization.” are tools ”and have“ also worked with those affected who turned to us ”.
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